Things We Lost In The Fire
by ilene - June 8th, 2010 1:53 pm
Things We Lost In The Fire
Courtesy of Joshua M. Brown, The Reformed Broker
Over the last month, US markets have been burned to a crisp. Blame it on Europe, blame it on a softening of our own recovery data, blame it on the end of earnings season, blame it on the end of quantitative easing, blame it on the Gulf spill, blame it on the engineered cool-off in China.
Is it too soon to eulogize the March 2009 – April 2010 bull market, a 78% performer that even the most bullish never really believed in the entire way up? Depends on which support lines and moving averages you happen to be fixated on at the moment.
But it is certainly not too early to lament the Things We Lost In The Fire - the idiosyncrasies of the Impossible Rally that we may have lost for good. These include:
Apple as the Michael Jordan of the NASDSAQ- Steve Jobs had us from hello, we clamored around the television for each product release and conference, and Mr. Jobs did not disappoint. Nor did Apple stock, which seemed to go up 3 to 5 points a day for what seemed like an endless stretch of time. It was a reminder to stockpickers everywhere that ETFs didn’t control everything- that you could get one right on research. The release of the iPad and the move toward shattering the $300 per share mark epitomized the release of our pent-up optimism and will always be remembered as a special time in market history.
Cree Research, Green Mountain Coffee and Baidu- The hottest of hot…
IT BEGINS: The White House Just Sided With Google In War Against China
by ilene - January 14th, 2010 3:49 pm
IT BEGINS: The White House Just Sided With Google In War Against China
Courtesy of John Carney at Clusterstock/The Business Insider
The White House has now officially declared that it is backing Google’s war with China.
Earlier this week, Google said it would no longer support the Chinese government’s demands to censor its Google.cn search engine.
Earlier, the White House had said that although it had advanced notice of Google’s new China policy, it had not taken a position in the fight.
White House spokesman Robert Gibbs announced the changed position today.
Don’t Miss:
How Google Ended Up At War With China
By Kamelia Angelova at The Business Insider
Sometimes sacrificing American goodwill, Google has tried to develop a lasting business relationship in China, complying with the stringent censorship demands of the Chinese government.
From buying stakes in Chinese startups to going through the tough Chinese bureaucracy to open local headquarters, the Google journey in the communist country has been marred with roadblocks.